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Listed by Mariaelena Diaz • eXp Realty of California Inc
$ 1,998,000
Est. payment | /mo
2,974 SqFt
$ 1,998,000
Est. payment | /mo
2,974 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,974 sqft
Price per Sqft $671
MLS Listing ID ML82011997
HOA Y/N No
Year Built 1923
Lot Size 0.253 Acres
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Rare Four-Unit Investment Opportunity in Central Redwood City Discover the ultimate "live smart" scenario with this exceptional four-unit property at 441 Vera Ave. This investment offers immediate cash flow of $7,500 per month from two fully-leased units, while two units are completely vacant providing opportunity for owner occupancy. The Numbers Work: With current rental income of $7,500 monthly and estimated mortgage payment of $11,555, an owner-occupant can live in a vacant unit while existing rental income significantly offsets the mortgage. Development Upside: Quarter-acre lot with R4 zoning offers potential for expansion up to seven units total. Prime Location: Central Park neighborhood provides easy Caltrain access and proximity to major Silicon Valley tech employers. Property Description - Four-unit property generating $7,500 monthly. Live in vacant unit while rental income covers mortgage. 2 units vacant. R4 zoning allows 7 units. Prime location.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Schools
School District Sequoia Union High, Redwood City Elementary
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397